News
UNIC issues warning over raw materials price increases
According to publication ILM, the Italian Tanners Association (UNIC) is concerned over the potential increases in the prices of materials for the industry
Future of the footwear industry is uncertain, but the general outlook is positive
The World Footwear' experts panel, gathering specialists from all over the world, is foreseeing a slight recover for the footwear industry in 2021. Access the latest report and get free access to some of the main highlights of the last Business Conditions Survey
CFDA and Swarovski Foundation launch scholarship to support sustainable innovation
While celebrating the 25th Anniversary of the CFDA Scholarship Program, the Council of Fashion Designers of America (CFDA) is partnering with the Swarovski Foundation to create the Re: GENERATION Innovation Scholar Award
H&M falls to loss
The Swedish-based fashion retailer Hennes & Mauritz (H&M) reported a 21% drop in sales and now fell to a loss in the three months to the end of February. The latest restrictions to contain the spread of COVID-19 led to more than a third of H&M stores closed worldwide
Footwear consumption to increase this year, but pre-pandemic levels should not be reached before 2023
The World Footwear' experts panel, gathering specialists from all over the world, is foreseeing a slight recover in footwear consumption during 2021 (+2.8%). Pre-pandemic levels shouldn't be reached before 2023
Soprefa: from footwear to swimming pools
Specialist in the production of leather uppers for the footwear industry, the Felgueiras-based company is also active in other sectors, including swimming pool construction and maintenance
Wolverine: 50% increase in ecommerce revenue
The US-headquartered footwear manufacturer has reported 50% growth of direct-to-consumer e-commerce revenue in the 2020 financial year
New Generation: meet António Silva
António Silva has trained to be a doctor, but management has always been a passion, which is why he attended an executive course in this area. He is the founder of the footwear brand Cantaloupe
Professional training in the fashion industry under discussion in Europe
The European Footwear Confederation (CEC) participated in a High-level Roundtable with European Commissioners Nicolas Schmit and Thierry Breton. Other Textile, Clothing and Leather stakeholders joined to discuss the industries’ perspective and best skills strategy to recover from the COVID-19 crisis and increase growth
Nike to stop selling to six wholesale players
In a note, Williams Trading’s Analyst, Sam Poser, stated that proprietary checks confirm that Nike will close six wholesale accounts: DSW, Urban Outfitters, Shoe Show, Dunham’s Sports, Olympia Sports, and Big Five
US: stimulus checks fuel spending in athletic footwear and apparel
Data from the Bank of America Global Research reveals that Americans are buying more sneakers and apparel, as the stimulus checks reach the bank accounts of many Americans
Virus-proof soles
A group of Portuguese researchers are working on a project involving the Universities of Aveiro, Porto and Minho. The goal is to create a virus-proof shoe sole, which helps fighting the coronavirus, among others virus
Italy's fashion industry asks authorities for clear decisions
A statement was issued by some of the most important fashion entities of the country. They argue that trade fairs are an essential asset for SME’s and industry in Italy, and starting them up again would be an important trigger for recovery of the national economy
South Africa: impact of COVID-19 on the footwear industry
Jirka Vymetal, the Executive Director of SAFLIA - Southern African Footwear and Leather Industries Association, spoke with local magazine S&V about the state of the footwear industry in the country
Ireland with retail sales recovery in February
Volume of retail sales with positive growth in 10 business groups. The Central Statistics Office confirms the volume of retail sales increased by 13.9% in February
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